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WASHINGTON, Feb 11 (Reuters) - The Federal Reserve plans tovote next week on new standards for banks operating in theUnited States, including a proposal for foreign banks that hasbeen heavily criticized by their home regulators.
The Fed's board on Feb. 18 will consider finalizing rulesthat require foreign banks with big U.S. operations to group alltheir subsidiaries under a single holding company, according toa notice on its website.
Those intermediate holding companies would have to meet thesame capital standards as U.S. banks.
Some foreign bank regulators complained that the 2012proposal would disadvantage foreign banks, such as Deutsche Bank and Barclays, and could cause otherjurisdictions to retaliate with tougher standards for somefirms.
The board also will take up a 2011 proposal for tougherstandards for domestic banks. The proposal included requirementsfor banks' risk management, and other rules that tied into theFed's existing supervision of big banks.
It also included limits on banks' credit exposure to anysingle counterparty, part of an effort to reduce the risks posedby highly interconnected banks. Fed Governor Daniel Tarullo tolda congressional panel in July that this section would not befinalized with the rest of the standards.
He said at the time that the Fed had decided to study theimpact of credit limits and would coordinate its rule makingwith a global group that was also considering cracking down onbanks' exposure to counterparties.
